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the unemployment rate and increases the employment rate. From a theoretical point of view, higher progressivity induces a … wage-moderation effect and increases overall employment since employment of low-paid workers is more responsive. We test … average wage, we show that a more progressive taxation reduces the unemployment rate and increases the employment rate. These …
Persistent link: https://www.econbiz.de/10011075075
reproduces the empirical evidence that the impacts on employment, of reductions in contributions at the minimum wage level, go … prejudical to average productivity, reductions targeted at the minimum wage create much more net employment than reductions …
Persistent link: https://www.econbiz.de/10004984944
This article argues in favor of drawing a distinction between the concepts of labour rationing and unemployment, the former referring to the occurrence of excess supply in a given labour market, the latter to job-waiting activity. In a first part, the literature on the possible consequences of...
Persistent link: https://www.econbiz.de/10004985040
that of the neo-classical model in explaining the dynamics of employment and wages in the three countries. …
Persistent link: https://www.econbiz.de/10004985334
Cet article s'intéresse aux effets liés à l'introduction d'un système de modulation des cotisations patronales à l'assurance chômage (ou expérience rating) sur le niveau et la structure du chômage par qualification. Nous construisons pour cela un modèle d'appariement dans lequel...
Persistent link: https://www.econbiz.de/10011075029
The notion of frictional unemployment first arose in the writings of Beveridge, Pigou and Hicks. Why did it fail at the time to grow into a fully fledged theory ? Our answer is simple. This failure was due to the fact these economists were unwilling and/or unable to go beyond the then-prevailing...
Persistent link: https://www.econbiz.de/10005008066
This paper studies the dynamic properties of the labour demand model with non-convex adjustment costs proposed by Bentolila and Bertola [1990]. With this model we evaluate the importance of the firing costs, following a great shock, for the dynamics of adjustment of the aggregated labour demand...
Persistent link: https://www.econbiz.de/10008512168
Economic theory considers economic growth and wage costs as crucial determinants in the process of job creation. In this paper, we try to quantify the relationship that exists between these variables in Belgium. Our objective being mainly the use of the empirical model for forecasting purposes,...
Persistent link: https://www.econbiz.de/10005008068
In this paper we build up a canonical vintage capital model with embodied and disembodied technical progress and generalized Nash bargaining in the labor market. First, we handle both types of technical progress as exogenous, but we endogenize them after. In these setups, we comprehensively...
Persistent link: https://www.econbiz.de/10004984943
This paper focuses on the macroeconomic impact of introducing new technologies (among which information technologies) when the latter stimulate the relative demand for high-skilled labour. The fact that there is biased technical progress (or at least, that growth has asymmetric effects) is...
Persistent link: https://www.econbiz.de/10004985210